Back when I lived in Britain working as a freelance ITer in the Finance Industry, after the 2008 Crash and from pretty much a front seat seeing how the authorities there managed the whole thing I lost trust in Britain and the British Pound to safely hold my savings, so kept moving any money I saved out if it, first to Euros (as I was an immigrant there and still had a bank account abroad) and later also to Gold.
Fast forward a few years and when the Leave Referendum results came out and the British Pound tanked 20% in a week, I had only about £2000 in British pounds, having even moved most of the leftovers of my savings out of the pound before the results came out “just in case”.
So my own anecdotal experience is that when a country’s economic and social stability starts showing cracks whilst the politicians in power are mainly concerned with their own wealth and that of their mates, it’s best to at least move a fraction of one’s savings out of that country’s currency, possibly even out of the country itself (I did both, though my situation was unusual in that as an immigrant in Britain I naturally had a bank account outside Britain).
Back when I lived in Britain working as a freelance ITer in the Finance Industry, after the 2008 Crash and from pretty much a front seat seeing how the authorities there managed the whole thing I lost trust in Britain and the British Pound to safely hold my savings, so kept moving any money I saved out if it, first to Euros (as I was an immigrant there and still had a bank account abroad) and later also to Gold.
Fast forward a few years and when the Leave Referendum results came out and the British Pound tanked 20% in a week, I had only about £2000 in British pounds, having even moved most of the leftovers of my savings out of the pound before the results came out “just in case”.
So my own anecdotal experience is that when a country’s economic and social stability starts showing cracks whilst the politicians in power are mainly concerned with their own wealth and that of their mates, it’s best to at least move a fraction of one’s savings out of that country’s currency, possibly even out of the country itself (I did both, though my situation was unusual in that as an immigrant in Britain I naturally had a bank account outside Britain).